Trade RBC Bearings Inc - RBC CFD

RBC Bearings Company profile

About RBC Bearings Inc

RBC Bearings Incorporated is a manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. It operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products. Its Plain bearings are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or heavy mining and construction equipment. Its Roller Bearings are anti-friction products that utilize cylindrical rolling elements. Its Roller Bearings include tapered roller bearings, needle roller bearings and needle bearing track rollers and cam followers. Its Ball bearings are devices that utilize high precision ball elements to reduce friction in high speed applications. Its Engineered products consist primarily of engineered hydraulics and valves, fasteners, precision mechanical components and machine tool collets.

Financial summary

BRIEF: For the nine months ended 01 January 2022, RBC Bearings Inc revenues increased 30% to $584.1M. Net income applicable to common stockholders decreased 59% to $26.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Corporate segment loss increase of 60% to $74.4M, Plain segment income decrease of 35% to $45M, Ball segment income decrease of 17% to $18.5M.

Equity composition

Common Stock, $.01 Par, 01/11, 60M auth., 22,053,411 issd., less 183,676 shs. in Treas. @ $5.5M. Insiders & Strategic Owns 4.76%. PO: 4/11/06, 7,817,000 shs. @ $20.5 pershare by Merrill Lynch & Co.